Thread: Myford Engineers Metal Working Lathe, 50cm bed, with tools

They go on ebay regularly for over $1500. There is one there at the moment that is already at $670 and it only just started. As well there is one that finished a couple of days ago for almost $2500.

Ultimately, price will be a function of condition, accesories supplied and buyer preference. A near mint unit with lots of accessories could go to $12,000 plus on ebay. New units via distributor can be over $20,000 fully kitted. These units are regarded as the Rolls Royce of hobbyist lathes, but the market now days is largely dominated by asian units.
Many buyers don't appreciate or need the accuracy accorded by a Myford, and hence can't justify the price for new or very good used one.

quite a few variations of the Myford. There were ML4, 7 and 10's and quite a few variations on bearings, gearbox, drive style etc etc

http://www.lathes.co.uk/myford/index.html

Probably the best chance to ID the model and then try and work out value.

Originally Posted by fieldy

Can anyone tell me what the approximate value of this lathe would be for sale to any interested buyer or donation to a craft group? It is in the workshop of a woodworker/iron worker, now unable to continue due to blindness following an operation, who is moving home.

Depends on the model and what accessories are with and if it has the quick change gearbox.
I priced a new Super 7 six months ago from Minitech .Standard lathe (latest model Super 7 , no quick change g/box) around $20,000.

Could be a bit less with the Aussie dollar at an all time high right now.

I got mine( late 60's vintage Super 7 ) at auction at a ridiculously low price , included is the g/box , set of change gears , dividing attachment ,x2 face plates ,x 2 three jaw chucks ,1x four jaw chuck , 1 x collet chuck and a full set of collets,universal slide and vice ,a stack of thread chasers and a tailstock die holder ,and a heap of cutting tools and drills and milling cutters.
Still have two milk crates of stuff I haven't even looked at yet.

Kev.

Well done you.My thoughts are when you have or collect anything,stamps,machinery etc people are inclined to put unrealistic valuations and praise products etc.In a tight pinch try and realise on these assets in a hurry and just find out the bitter truth.The vultures sense a killing and try to eat you alive. My thought is any transaction should be fair to both parties or do not do the deal.Every time I have bought a set of tyres fellas come out of the woodwork to say,those tyres are no good ,my mate could have saved you 50 per cent and all that.

Congratulations on a good deal you had wish every one they may enjoy the same.

Peter

Originally Posted by Woodlee

Depends on the model and what accessories are with and if it has the quick change gearbox.
I priced a new Super 7 six months ago from Minitech .Standard lathe (latest model Super 7 , no quick change g/box) around $20,000.

Could be a bit less with the Aussie dollar at an all time high right now.

I got mine( late 60's vintage Super 7 ) at auction at a ridiculously low price , included is the g/box , set of change gears , dividing attachment ,x2 face plates ,x 2 three jaw chucks ,1x four jaw chuck , 1 x collet chuck and a full set of collets,universal slide and vice ,a stack of thread chasers and a tailstock die holder ,and a heap of cutting tools and drills and milling cutters.
Still have two milk crates of stuff I haven't even looked at yet.

Kev.

Kev

You would have to agree that they are not worth $20k though. Heck i could import 3 Monarch 10EE's from the USA (including shipping) for $20k and have something built to both a better precision and greater capability.

Damn I must look into a part container from the USA...... Monarch 10EE drool

Originally Posted by hux

Kev

You would have to agree that they are not worth $20k though. Heck i could import 3 Monarch 10EE's from the USA (including shipping) for $20k and have something built to both a better precision and greater capability.

Damn I must look into a part container from the USA...... Monarch 10EE drool

Deffinitly not worth $20,000 even brand spanking new .Don't sell them short though,the precision that the Myford is capable of is amazing if its set up correctly , easily equal to a much bigger lathe .
The quality of the Myford can't be ignored either ,they are a quality product.

Jeez for $20,000 I would be looking at a Harrison 320 or something which would still come in well under the 20K. And get a mill with the change.


I missed out on a Harrison (300 or 250 ) a while ago ,it went for $1400.00 ,had no chucks or tooling ,and had been left out in the weather for a while .All the beds were rusted and it looked pretty sad.But for $1400 it was still a bargain.
They guy who bought it has never used a lathe before and just wanted it to turn up gate hinge pins.
I was in his workshop a few days ago ,he has it up and running , cost him 1200 for a three jaw chuck and few turning tools

Originally Posted by Penpal

Well done you.My thoughts are when you have or collect anything,stamps,machinery etc people are inclined to put unrealistic valuations and praise products etc.In a tight pinch try and realise on these assets in a hurry and just find out the bitter truth.The vultures sense a killing and try to eat you alive. My thought is any transaction should be fair to both parties or do not do the deal.Every time I have bought a set of tyres fellas come out of the woodwork to say,those tyres are no good ,my mate could have saved you 50 per cent and all that.

Congratulations on a good deal you had wish every one they may enjoy the same.

Peter

I was at the right place at the right time and fortunately had a few bucks in my kick .
I also only had to bid against one other person , who I don't think new the value of the lathe .I had the foresight to call the Australian agent and get an estimate of what it was worth ,I had a look at it on inspection day and noted the serial number.

Obviuosly the owner ,didn't know either or didnt care as he had a reserve of $600.00
on it and all the other bits. ( the auctioneer started at 600.00 so Im assuming that was the reserve).
I was told by the Australian agent that I could easily get $5000.00 for it if I decided to sell. Considering cost of the lathe and all its accessories new,he may be right. I would not ask that much , if I was to sell , but considering that its taken me 25 years to get a workshop lathe ,I won't be selling it any time soon.
It suits my needs , dosen't take up much space ,and is there when I need it.
It can do most things a bigger machine can do ,restricted in size somewhat ,but if I need to machine something larger I just use the lathes at work .

Kev